SBF Sentenced to 25 Years in Prison | Bloomberg Crypto

FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison for stealing billions of dollars from customers. US District Judge Lewis A. Kaplan delivered the sentence in federal court in Manhattan moments after Bankman-Fried said he was “sorry about what happened at every stage.” On this episode of "Bloomberg Crypto," O'Melveny Partner Rebecca Mermelstein, Crypto Council For Innovation CEO Sheila Warren, 'Number Go Up' Author Zeke Faux, Pallas Partners Partner Joshua Naftalis, and FTX Creditor Co-Founder Louis d' Origny, discuss the sentence and the crypto industry.

Пікірлер: 64

  • @EbenezerNimh
    @EbenezerNimh2 ай бұрын

    He gets 25 years. There are people who got 25 years who did far less, what a joke.

  • @gen-X-trader

    @gen-X-trader

    2 ай бұрын

    do you even comprehend how severe 25 years is? stop normalizing excessive sentences. your life is over. months in jail is huge. a year is life breaking. 25 isn't even possible to really comprehend. try to put yourself in that position

  • @BTCSowhat

    @BTCSowhat

    2 ай бұрын

    You are a joke! You don’t know a fkn thing.

  • @Ulyssestnt

    @Ulyssestnt

    2 ай бұрын

    @@gen-X-trader Its insane to give "football numbers" to a non violent offender when its not symbolic like Madoff. I freely admit I had a lot of schadenfreude a year ago but I just dont think this is right,he shouldnt have to forfeit his life,he cant recoup that while people can(and will) recoup a haircut. This is a lazy way out.

  • @FidelityElectric

    @FidelityElectric

    2 ай бұрын

    Yeah it is a joke. The message it sends is that if you are going to steal do it with white collar crime. If he had walked into a 7-11 and got $50 in an armed robbery he would have gotten more time. Is he going to get off time on good behavior? Supposedly should do 85% of the time.

  • @whodouthinkuare

    @whodouthinkuare

    Ай бұрын

    As Sams defence said in court yesterday "Hes just a math nerd who is out of his dept". LOL

  • @Cornholio_needs_TP
    @Cornholio_needs_TP2 ай бұрын

    How does he even still have 11B dollars to forfeit? That makes no sense. His parents should also be charged in this case. Ridiculous, but not as ridiculous as Trevor Milton, found guilty of securities fraud well over a year ago, still on the streets after raking in a billion dollars with his Nikola scam.....and then sentenced to 48 months? Some judges can be bought.

  • @Ulyssestnt

    @Ulyssestnt

    2 ай бұрын

    Thats largely symbolic,he still has to pay largely symbolic sums out of his prison pay checks towards that sum though. The entire management team should be sharing this sentence instead of making one dude basically forfeit his life as a sacrifice to wall street.

  • @user-de9jp5oq8e
    @user-de9jp5oq8e2 ай бұрын

    this is not enough. he should rot in prison for the rest of his sorry useless life for all the harm he caused and blatant disregard for the law

  • @davidwaddell7789

    @davidwaddell7789

    2 ай бұрын

    Ya man he got off light. They should thrown thr book at his ass 200 years etc. No parole.

  • @SeeLasSee
    @SeeLasSee2 ай бұрын

    Elizabeth Holmes had people depending on the largely fraudulent blood testing. It’s not clear to me that SBF was worse.

  • @Ulyssestnt

    @Ulyssestnt

    2 ай бұрын

    Thats because you have a moral compass I suspect.

  • @g41133
    @g411332 ай бұрын

    Watren is right. Glad she talked about it, we give young people too much valor/ctedit when it hasn't been definitively proven whether they are deserving.

  • @sunshinegirl4715
    @sunshinegirl47152 ай бұрын

    How is it that Caroline Ellison got off so lightly in comparison to SBF? They both behaved fraudulently, showed the same appalling disregard for the damage they were doing to investors.

  • @jeremymain7303

    @jeremymain7303

    25 күн бұрын

    She sang.

  • @sunshinegirl4715

    @sunshinegirl4715

    24 күн бұрын

    @@jeremymain7303 Yeah, she really dumped SBF in the dog poop.

  • @nygariottley245
    @nygariottley245Ай бұрын

    "Coffeezilla" needs his flowers.

  • @christhefou
    @christhefou2 ай бұрын

    who cares about SBF . jail him and throw the key. What I care is the peoples who lost their savings because of this crook.

  • @user-vj3he7ys1g
    @user-vj3he7ys1g2 ай бұрын

    Where was the SEC in all this mess

  • @Hegemonic20

    @Hegemonic20

    2 ай бұрын

    Same place they were in with Madoff. They’re a joke

  • @joshw1008

    @joshw1008

    Ай бұрын

    they were taking bribes

  • @juanherdandez3281
    @juanherdandez32812 ай бұрын

    Good morning America 🇺🇸

  • @careymulligan1403
    @careymulligan14032 ай бұрын

    Rug pulling scumbags are probably at least a little relieved, that he got significantly less than the possible 110 years, just in case the justice hammer eventually falls on them, too.

  • @jaym9846
    @jaym98462 ай бұрын

    Currently each US tax payer (or your children) owes $267K (rising each second) due to government spending more than it takes in. How much monetary damage did Sam inflict on his investors?

  • @960john

    @960john

    2 ай бұрын

    Not the same... debt can be used to increase gdp, therefore incomes. Also that money is given back to citizens in forms of services. It can be a bad investment, not a scam.

  • @rhondabradfute4396
    @rhondabradfute4396Ай бұрын

    Gensler when working at MIT- worked for SBF’s Girlfriend’s FATHER!!! This goes way deep?!!

  • @richardbond4496
    @richardbond44962 ай бұрын

    is that all ?

  • @mikenn1734
    @mikenn1734Ай бұрын

    Why his parents not in jail....what a corrupt system

  • @Damadoo
    @Damadoo2 ай бұрын

    Much more worried about our banking system. Now banks need to own over 10% of the money they use to make profits, that really does not belong to them. We need to move a way from that. Slowly but hopefully consistently.

  • @gabrieljordan8015
    @gabrieljordan8015Ай бұрын

    People are enraged at 25 years. Keep in mind that his life is over and at best he will be able to work at a fast food joint once hes out. These actions he took will haunt him to the grave. Plus the collaspe happened right after turning 30 which is suppose to be the start of your prime years for most men. His will eventually start experiencing a level of depression and anxiety he didn't know could exist due to an insane level of regret. I don't feel bad for him - I'm just saying.

  • @Miranox2
    @Miranox2Ай бұрын

    He will likely be released after less than 10 years.

  • @Masterbuten333
    @Masterbuten3332 ай бұрын

    I was here. - BIG DATA DADDY

  • @hmodarres
    @hmodarres2 ай бұрын

    Only 25 years, wow, just wow, i wonder if it has anything to do with all the people he bought

  • @omarwjwiippa8726
    @omarwjwiippa8726Ай бұрын

    Most killers don't kill a 2nd victim & they Don't get to walk away

  • @stevesilverman3213
    @stevesilverman3213Ай бұрын

    Damn, 25 years is no joke. Maybe he should get more, but some of you act like it's nothing. Dude is going to come out of prison with no friends, hair loss, gaping butth*le, exponential increase in anxiety, parents likely dead or on their death beds, still no social skills, and a world that already wants to forget him entirely. His only option is to write a book. I think he is getting what he deserves. Stay hard, SBF.

  • @newhorizon4066

    @newhorizon4066

    Ай бұрын

    "Stay hard, SBF." Bad advice, that will sure lead to "gaping butth*le."

  • @Yolicious111
    @Yolicious111Ай бұрын

    STUPID question. What will he do in 25 years. Exactly what Black prisoners must do.

  • @ThisAuthenticVibe
    @ThisAuthenticVibe2 ай бұрын

    Kind hearted! How much you get? 😂😂😂

  • @willrose5424
    @willrose5424Ай бұрын

    Rich kids don't know patience?

  • @kevinj210
    @kevinj210Ай бұрын

    25 really maybe 10 but 25 this world is so weird

  • @avocadoarmadillo7031
    @avocadoarmadillo7031Ай бұрын

    25 years sounds reasonable in this case. Massive fraud and theft, but he didn't commit violent crime. A lot of times sentences are whack but this seems fair IMO.

  • @gen-X-trader
    @gen-X-trader2 ай бұрын

    I think people are literally insane when you talk about 25 years as being light and if anything it's just a reflective of how punitive the American justice system is

  • @RandomButBeautiful
    @RandomButBeautifulАй бұрын

    there's always a fall guy....

  • @joshw1008
    @joshw1008Ай бұрын

    So glad to see this, i originally thought he would get away with it for donating stolen funds to democrats

  • @ThisAuthenticVibe
    @ThisAuthenticVibe2 ай бұрын

    Good 👍 judgement day

  • @rhondabradfute4396
    @rhondabradfute4396Ай бұрын

    What a joke…

  • @peterbarrett5496
    @peterbarrett5496Ай бұрын

    Got off easy

  • @ThisAuthenticVibe
    @ThisAuthenticVibe2 ай бұрын

    What's wrong with you? 1st time white collar that committed crime???

  • @innerdinosaur2898
    @innerdinosaur2898Ай бұрын

    😳